Industry News
China's new energy vehicle sales are expected to reach 11.5 million units in 2024
- Time: 2024/7/30 Posted: Shenzhen Newariel Technology Co.,Ltd
- On July 12th, the 2024 China Automotive Forum, hosted by the China Association of Automobile Manufacturers (CAAM), was held in Jiading, Shanghai. The theme of this forum is "Leading New Changes and Winning a New Future". People from regulatory authorities and industry chain enterprises have been providing suggestions and recommendations for the development of China's automotive industry. The head of the China Association of Automobile Manufacturers predicts that the annual sales of new energy vehicles in China are expected to reach 11.5 million units in 2024. This will be a record breaking and record breaking data.
The development direction of electrification in the automotive industry is irreversible
China's new energy vehicles have grown from scratch, from small to large, transforming its first mover advantage into an industry leading advantage and driving the global development of intelligent connected new energy vehicles, "said Fu Bingfeng, Executive Vice President and Secretary General of the China Association of Automobile Manufacturers. China has become the main battlefield for global competition in new energy vehicles, with production and sales ranking first in the world for nine consecutive years. By 2023, it will achieve sales of 9.5 million vehicles, accounting for over 60% of the global market. In the first half of 2024, the good development trend continued, with sales reaching 4.944 million vehicles, a year-on-year increase of 32%, and a market share of 35.2%. Fu Bingfeng predicts that the sales volume of new energy vehicles in China is expected to reach 11.5 million units for the whole year of 2024.
Fu Bingfeng stated that China has become a hot spot for the development and innovation of intelligent connected vehicles. Software development and application are advancing rapidly, and hardware systems such as chips and sensors are developing comprehensively, forming a huge wave of innovation in the application field. The configuration rate of L2 level autonomous driving in new energy vehicles has reached 56.2%, and the pilot application of vehicle road cloud integration is accelerating, with unmanned vehicles entering commercial pilot operation.
Fu Bingfeng stated that the automotive industry is a highly competitive industry, and products and brands are the core of enterprise competition. The intelligent connected new energy vehicle industry is a new track in the process of enterprise transformation and development. Enterprises should respect the laws of industrial development, increase investment in scientific and technological research and development, and continuously provide high-quality products and services in competition. Although anti globalization and a new round of trade protectionism have hindered global cooperation in the new energy vehicle industry and slowed down the process of electrification, we should also recognize that addressing climate change and green development are global consensus, electrification will eventually be the direction of the automotive industry's development, and globalization is a major trend that is irreversible, "said Fu Bingfeng.
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